Dairy Farm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/22	DBS Vickers	Dairy Farm	2.65	3.96	Hold	Sum of parts
03/07/22	CIMB	Dairy Farm	2.64	2.9	Hold	PER16x FY23
03/07/22	DBS Vickers	Dairy Farm	2.64	3.01	Hold	Sum of parts
03/07/22	DMG & Partners	Dairy Farm	2.64	2.88	Neutral	PER18x FY22
03/07/22	UOB Kay Hian	Dairy Farm	2.64	3.65	Buy	PER21.1x FY22
03/07/22	Citi Research	Dairy Farm	2.64	2.9	Hold
05/20/22	DBS Vickers	Dairy Farm	2.78	3.01	Hold	Sum of parts
05/20/22	Lim & Tan	Dairy Farm	2.78	3	Neutral
05/24/22	UOB Kay Hian	Dairy Farm	2.75	2.87	Hold	PER23x
06/27/22	CIMB	Dairy Farm	2.97	2.7	Hold
07/29/22	DMG & Partners	Dairy Farm	2.78	2.71	Neutral	DCF
07/29/22	DBS Vickers	Dairy Farm	2.78	3.01	Hold
08/01/22	UOB Kay Hian	Dairy Farm	2.8	2.96	Hold	PER23x FY23
08/01/22	DBS Vickers	Dairy Farm	2.8	2.67	Hold
08/01/22	CIMB	Dairy Farm	2.8	2.6	Hold
08/01/22	Citi Research	Dairy Farm	2.8	2.83	Hold
11/10/22	DBS Vickers	Dairy Farm	2.42	3.07	Buy	PER17.5x FY23
11/10/22	Citi Research	Dairy Farm	2.42	2.36	Hold
11/14/22	UOB Kay Hian	Dairy Farm	2.49	2.96	Hold
12/14/22	DBS Vickers	Dairy Farm	2.87	3.9	Buy	PER17.4x FY23
01/06/23	DMG & Partners	Dairy Farm	3.01	2.71	Neutral
02/09/23	UOB Kay Hian	Dairy Farm	3.22	3.9	Buy	PER30x FY23
02/24/23	DBS Vickers	Dairy Farm	3.15	3.9	Buy
03/03/23	DMG & Partners	Dairy Farm	3.24	3.09	Neutral	DCF, PER20x
03/06/23	UOB Kay Hian	Dairy Farm	3.07	3.72	Buy	PER30x FY23
03/06/23	DBS Vickers	Dairy Farm	3.07	3.8	Buy	PER20.3x
03/06/23	Lim & Tan	Dairy Farm	3.07	3.3	Hold
03/07/23	Citi Research	Dairy Farm	3.19	3.16	Hold	Sum of parts China